Mr. Alpha, is an employee of ABC Company. He is not engaged in business nor has any other source of income other than his employment. For 2020, Mr. Alpha earned a monthly compensation income of Php 25,000 inclusive of his monthly contribution to SSS 1,125, PhilHealth 390, and HDMF amount to Php 100. He also received 13th month pay and bonuses amounting to Php50,000.00.

Mr. Alpha, is an employee of ABC Company. He is not engaged in business nor has any other source of income other than his employment. For 2020, Mr. Alpha earned a monthly compensation income of Php 25,000 inclusive of his monthly contribution to SSS 1,125, PhilHealth 390, and HDMF amount to Php 100. He also received 13th month pay and bonuses amounting to Php50,000.00.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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